FI 1: Display Chart of Accounts

Transcription

1 FI 1: Display Chart of Accounts Exercise Display a chart of accounts. Time 10 min Task Use the SAP Easy Access Menu to review a listing of the General Ledger (G/L) accounts that are part of your chart of accounts. For each G/L account, the chart of accounts contains the account number, the account name, and additional technical information. Name (Position) Shuyuan Chen (Chief Accountant) A chart of accounts may be shared by many company codes. Each company code must be assigned a chart of accounts. Once a chart of accounts is assigned to a company code, it becomes the operative chart of accounts for that company code and it is used to capture information for both Financial Accounting (FI) and Cost Accounting (CO). Other possible charts of accounts may be required to capture additional information to support international business accounting purposes including: Chart of accounts Other possible charts of accounts Country-specific charts of accounts - This is structured in accordance with legal requirements of a specific country. Group chart of accounts - This is structured in accordance with requirements pertaining to consolidated financial statements. In order to display a chart of accounts, follow the SAP Easy Access menu path: Accounting Financial Accounting General Ledger Information System General Ledger Reports (New) Master Data Chart of Accounts In the Chart of accounts field, use the F4 key to find and select the global GBI chart of accounts (GL00) and enter 1 for Charts of accts not assigned. Menu path GL00 1 SAP AG Page 1

2 Then, click on (Execute). Record information on your chart of accounts in the table below: G/L Account Number G/L Account Name Click on the exit icon twice to return to the SAP Easy Access Screen. SAP AG Page 2

3 FI 2: Display Chart of Accounts II Exercise Use the SAP Easy Access Menu to display a chart of accounts. Time 5 min Task Review a listing of the General Ledger (G/L) accounts that are part of your chart of accounts and that have been made operative for your company code. Each G/L account being used by a company code has both chart of account and company code specific information. In this way, a chart of accounts may be used by several company codes with each having their own unique information and settings. Name (Position) Shuyuan Chen (Chief Accountant) To do this, follow the menu path: Accounting Financial Accounting General Ledger Information System General Ledger Reports (New) Master data G/L Account List Enter GL00 for Chart of accounts. Menu path GL00 Then click on (Execute). How does this information differ from the information in Exercise FI 1? What are the company codes this chart of accounts is assigned to? SAP AG Page 3

4 Click on the exit icon twice to return to the SAP Easy Access Screen. SAP AG Page 4

5 FI 3: Display General Ledger Account Exercise Display a General Ledger account. Time 10 min Task Use the SAP Easy Access Menu to display a G/L account in your chart of accounts (alternative bank account). Businesses commonly maintain several bank accounts (e.g. payroll, general checking and money market) that are listed on their balance sheet. Name (Position) Shuyuan Chen (Chief Accountant) To do this, follow the menu path: Accounting Financial Accounting General Ledger Master Records G/L Accounts Individual processing Centrally In the G/L Account field, use the F4 key to open the search window (make sure to select the G/L account description in chart of accounts tab). Enter Alternate* for G/L long text and write GL00 in the Chart of Accounts field. Menu path Alternate* GL00 Then, press Enter or click on. On the result screen, double-click on the Alternate Bank Account row to select G/L account SAP AG Page 5

6 After the account number (101000) is populated into the G/L Account field, find and select Company Code US00. Then, press on the button to display the G/L account data. US00 What Account Group is this G/L account assigned to? Is this account a Profit and Loss Statement account or a Balance Sheet account? What is the account currency? Repeat the same procedure for the same G/L account, but for the German GBI Company Code (DE00). DE00 What differences did you find? You may look at other G/L account details if you would like. Click on the exit icon to return to the SAP Easy Access Screen. SAP AG Page 6

7 FI 4: Post Transfer of Funds to Alternate Bank Account Exercise Transfer funds to Alternate Bank Account. Time 10 min Task Use the SAP Easy Access Menu to generate a journal entry for the US GBI company to transfer funds from your current bank account to your alternate bank account. Name (Position) Clayton Bartolome (Fixed Assets Accountant) To do this, follow the menu path: Accounting Financial Accounting General Ledger Posting Enter G/L Account Document If Company Code US00 is not displayed use the Menu Entry Edit Change company code (F7) to select your US GBI company. In the Document Date field, use F4 and Enter to select today s date and choose USD as Currency. As Reference, enter your three-digit number (###) and as Doc. Header Text Transfer of Funds. Menu path US00 today s date USD ### Transfer of Funds On the first line, enter (Alternate Bank Account) as G/L acct, choose Debit as D/C and enter 5000 as Amount in doc.curr. On the second line, enter (Bank Account) as G/L acct, choose Credit as D/C and enter 5000 as Amount in doc.curr Debit Credit 5000 Then click on (Enter). SAP AG Page 7

8 Use the button to see if the postings are correct. Do Debits equal Credits? What kind of accounts make up this transaction? What does PK stand for on the simulate screen? Click on (Back) once and accept any warning messages with Enter. Then, click on (Post). The system will create a unique G/L account document number. Click on the exit icon and acknowledge the warning message by choosing YES there will be no data lost. This brings you back to the SAP Easy Access menu. G/L account document YES SAP AG Page 8

9 FI 5: Display G/L Account Document Exercise Display a G/L account document. Task Use the SAP Easy Access Menu to display the G/L account document you have just created. Name (Position) Clayton Bartolome (Fixed Assets Accountant) Time 10 min To display a G/L account document, follow the menu path: Accounting Financial Accounting General Ledger Document Display Your account document number should already be entered. If not, click on. Then, choose Company Code US00 and enter ### (your three-digit number) in the Reference number field. Then, click on to execute the search producing a Document List screen similar to the one shown below. Menu path US00 ### Double-click the document number to display the document. The system displays a similar screen to the simulate screen you saw just before your posted your document in the previous exercise. What do the Posting Keys (PK) 40 and 50 mean? SAP AG Page 9

10 Click on the button to display the document header information. Who created the document and when? Press Enter to go back to the Display Document: Data Entry View screen. Then, click on the exit icon to go back to the SAP Easy Access menu. SAP AG Page 10

11 FI 6: Post Purchase of Office Supplies Exercise Post a purchase of office supplies. Time 10 min Task Use the SAP Easy Access Menu to generate a journal entry for your alternate bank account to purchase office supplies. Name (Position) Clayton Bartolome (Fixed Assets Accountant) The business scenario is that you need some office supplies immediately. You drive down to Office Supply Depot and buy $175 of supplies (paper, folders, and a software package) and pay for the purchase with a company check drawn on your alternate bank account. To do this, follow the menu path: Accounting Financial Accounting General Ledger Posting Enter G/L Account Document In the Document Date field, use F4 and Enter to select today s date and choose USD as Currency. As Reference, enter your three-digit number (###) and as Doc. Header Text Purchase of Supplies. If Company Code US00 is not displayed use the Menu Entry Edit Change company code (F7) to select your US GBI company. On the first line, in the G/L acct field use the F4 help to find the account number for Supplies Expenses. To do so, select the G/L account description in chart of accounts tab enter Supplies* in the G/L long text. Then, press Enter. Business Scenario Menu path today s date USD ### Purchase of Supplies US00 Supplies* SAP AG Page 11

12 Then, double-click on the result row to select G/L account number Back on the first line, choose Debit as D/C and enter 80 as Amount in doc.curr. Then, scroll to the right until you see the Cost center column and enter NAIS1000 (Internal Services). On the second line, enter as G/L acct again, choose Debit as D/C and enter 95 as Amount in doc.curr. Then, scroll right until you see the Cost center column again and enter NAIT1000 (IT costs). On the third line, enter (Alternate Bank Account) as G/L acct, choose Credit as D/C and 175 as Amount in doc.curr. Then, click on (Enter). Debit 80 NAIS Debit 95 NAIT Credit 175 Use the button to see if the postings are correct. Then, click on (Post) and record the document number. G/L account document Click on and choose YES to return to the SAP Easy Access menu. YES SAP AG Page 12

13 FI 7: Display General Ledger Account Balances Exercise Use the SAP Easy Access Menu to display G/L account balances. Time 15 min Task Use the SAP Easy Access Menu to display and confirm by individual account number the activity and associated balances for several accounts in the general ledger of the US GBI company. Name (Position) Clayton Bartolome (Fixed Assets Accountant) To do this, follow the menu path: Accounting Financial Accounting General Ledger Account Display Balances (New) Enter as Account Number, US00 as Company Code and the current year as Fiscal Year. Menu path US00 current year Then, click on (Execute). The system should display a table similar to the one shown below. SAP AG Page 13

14 If your numbers are different, can you explain why? Double-click on the debit amount of the current month. The system displays all documents that make up the total credit amount. Find your document number in the list. Note: The screen shot below displays one document as the author has posted debits in one G/L account document only. In your case, there might be multiple versions of the same posting. Remember that similar to a real company you are posting to the same G/L accounts together with your fellow students. SAP AG Page 14

15 Click on the exit icon Screen. until you are back on the SAP Easy Access SAP AG Page 15

16 FI 8: Change Financial Accounting Document Exercise Change a financial accounting document. Time 10 min Task Use the SAP Easy Access Menu to complete changes for a previously posted financial accounting document. It is important to note that some changes are permitted while others are fully restricted. Name (Position) Clayton Bartolome (Fixed Assets Accountant) To do this, follow the menu path: Menu path Accounting Financial Accounting General Ledger Document Change First, select. On the selection screen, enter US00 as Company Code, the current year as Fiscal Year, and SA as Document Type. As Posting Date enter a range of dates that will include your document (saved in the FI 4 exercise). US00 current year SA Then, click on (Execute). Double-click on the number of the document you wish to change. In the Change Document: Data Entry View screen, double click on the first item. What can you change? Select (Display document header). What can you change? SAP AG Page 16

17 Change the Doc. Header Text to Test for Change. Test for Change Click on (Continue). Then, click on to save. Why can t you change the amount of the line item? Click on the exit icon Screen. until you are back on the SAP Easy Access SAP AG Page 17

18 FI 9: Display Changes to Financial Accounting Documents Exercise Display changes to financial accounting documents. Time 10 min Task Use the SAP Menu to display and confirm the changes entered in the previous exercise. Name (Position) Shuyuan Chen (Chief Accountant) To do this, follow the menu path: Accounting Financial Accounting General Ledger Document Display Changes The system should have already defaulted in Company Code US00, your doc. number, and the current year as Fiscal Year (if not, please do so). Then, press Enter. This should produce the following screen. Menu path US00 document number current year Then, click on. Highlight the Document Header Text line. Then click on (Choose). Who made the changes and when were they made? Press Enter. Then, click on to return to the SAP Easy Access Screen. SAP AG Page 18